The stock price of Recon Technology, has been in a down trend for a while, but it looks like he's trying to start a up trend. It may be a good time to try a trade in RCON
Entry point: 1.33
Stop loss: 0.86
Profit target: 2.66
Chart analysis: downside 15-20% against upside 43%. volume is rising in the past few days, RSI reaching 70 (good momentum), MACD trend crossing above the signal line, all sets up for a bullish move ahead.
Fudemental: Hydraulic fracturing "fracking" is a hot topic in all petroleum industry. China needs coal, just recently introduced hydraulic fracturing. RCON can...